Quadrature Capital Ltd Acquires Shares of 94,636 National-Oilwell Varco, Inc. (NYSE:NOV)

Share on StockTwits

Quadrature Capital Ltd acquired a new stake in shares of National-Oilwell Varco, Inc. (NYSE:NOV) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 94,636 shares of the oil and gas exploration company’s stock, valued at approximately $1,159,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Advisor Group LLC acquired a new stake in National-Oilwell Varco during the 2nd quarter valued at approximately $27,000. TCTC Holdings LLC acquired a new position in shares of National-Oilwell Varco in the 2nd quarter worth approximately $32,000. Pearl River Capital LLC acquired a new position in shares of National-Oilwell Varco in the 1st quarter worth approximately $44,000. Schroder Investment Management Group grew its position in shares of National-Oilwell Varco by 281.0% in the 1st quarter. Schroder Investment Management Group now owns 4,462 shares of the oil and gas exploration company’s stock worth $49,000 after acquiring an additional 3,291 shares in the last quarter. Finally, Citizens Financial Group Inc RI grew its position in shares of National-Oilwell Varco by 202.6% in the 2nd quarter. Citizens Financial Group Inc RI now owns 4,890 shares of the oil and gas exploration company’s stock worth $60,000 after acquiring an additional 3,274 shares in the last quarter. Hedge funds and other institutional investors own 94.33% of the company’s stock.

Several research analysts have recently commented on NOV shares. Piper Sandler decreased their target price on National-Oilwell Varco from $11.40 to $11.30 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their target price on National-Oilwell Varco from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Morgan Stanley lifted their target price on National-Oilwell Varco from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. UBS Group lifted their target price on National-Oilwell Varco from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Finally, Cowen boosted their price objective on National-Oilwell Varco from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $17.02.

National-Oilwell Varco stock traded up $0.16 during mid-day trading on Friday, hitting $12.15. 2,796,782 shares of the company’s stock traded hands, compared to its average volume of 3,809,004. The company has a market cap of $4.72 billion, a PE ratio of -1.68 and a beta of 1.83. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average price of $12.14 and a 200 day moving average price of $12.88. National-Oilwell Varco, Inc. has a one year low of $8.00 and a one year high of $25.81.

National-Oilwell Varco (NYSE:NOV) last posted its quarterly earnings results on Monday, July 27th. The oil and gas exploration company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.15. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. National-Oilwell Varco had a negative return on equity of 2.32% and a negative net margin of 35.56%. The firm’s quarterly revenue was down 29.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.02 EPS. On average, analysts expect that National-Oilwell Varco, Inc. will post -0.16 earnings per share for the current fiscal year.

National-Oilwell Varco Company Profile

National Oilwell Varco, Inc designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates in three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The Wellbore Technologies segment offers various equipment and technologies used to perform drilling operations.

See Also: The mechanics of the bid-ask spread in trading

Institutional Ownership by Quarter for National-Oilwell Varco (NYSE:NOV)

Receive News & Ratings for National-Oilwell Varco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National-Oilwell Varco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply